Item 4: MUPTE for Student Housing Project

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing: for Student Housing Project Multi-Unit Property Tax Exemption Meeting Date: April 23, 2012 Agenda Item: 4 Department: Planning and Development Staff Contact: Amanda Nobel www.eugene-or.gov Contact Telephone Number: 541-682-5535 ISSUE STATEMENT The public is invited to provide comment on whether the council should approve a Multi-Unit Property th Tax Exemption (MUPTE) for the Olive & 13 Student Housing project proposed by Capstone Collegiate Communities (currently the PeaceHealth clinic site and surrounding lots). The resolutions for approval and denial are in Attachments A and B. BACKGROUND In 1975, the Oregon legislature adopted the enabling statutes for the MUPTE program. Since that time, both the State statutes and Eugene’s implementation ordinance have been amended. The council most recently extended the sunset date and reduced the boundary in September 2011. Also at that time, the council added the option to exempt the commercial portion of a multi-unit housing project to the extent that the commercial use is required or considered to be a public benefit. The council amended Eugene’s code provisions in November 2008, to assist both staff and council in evaluating a MUPTE application with 1) adoption of approval criteria and 2) direction to the City Manager to adopt a public benefit scoring system (described below). Project Capstone plans to remove the existing structures and build a five-story student housing development with structured and surface parking and one commercial space. Phase 1 is between Olive and Willamette from just north of 12th to 13th avenues. Phase 2 is between Charnelton and Olive from 12th to 13th avenues. (The Report and Recommendation of the Planning and Development Director is Attachment C and includes the list of program defined public benefits and other benefits from the project. See Attachment D for images of the project. A map of existing downtown housing is Attachment E.) The development would include embedded parking, which means the parking structures will be surrounded by the housing units on three sides and open to the alley on the fourth side. The project will have between 359 and 375 units, up to 5,000 square feet of commercial space; approximately 1,000 structured parking spaces; and up to 48 surface parking spaces. Entrance to the development would be with key card through secured private courtyards located off the public pedestrian and bike paths. The existing buildings that would be demolished are not city landmarks nor are they on the National Historic Register. The proposed schedule is to begin construction of Phase 1 in June 2012, open Fall 2013, and begin construction of Phase 2 in Spring 2013, open in Fall 2014. Services and amenities include roommate ` S:\CMO\2012 Council Agendas\M120423\S1204234.doc